J-Curve of Productivity and Growth : Indian Manufacturing Post-Liberalization

WPIEA2011163 Image
Price:  $18.00

Author/Editor: Arvind Virmani, Danish A Hashim
Release Date: © July, 2011
ISBN : 978-1-45529-873-0
Stock #: WPIEA2011163
Stock Status: On back-order

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Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it to be broadly supported by the data: Technological obsolescence, gradual adoption of new technology and learning by doing result in negative effects on measured productivity.

More publications in this series: Working Papers

More publications by: Arvind Virmani ; Danish A Hashim